vpn
Exchanges & Brokers

XTB Review: The Online Trading and Exchange Platform


XTB Review

For any trader in the financial trading market to enjoy a smooth trading environment, such a trader or investor must have found a reliable and customer-friendly broker. The global financial market is full of various exchange firms offering financial and brokerage services online. Irrespective of their locations, these online brokers have different visions and goals in the market. While some brokers have centered their services on experienced traders, others are concerned about beginners. At the same time, few brokers have merged and tailored their services to meet both beginners and experienced traders.

rev

There is a growing demand for good and reliable brokers in the market. However, the problem is not the availability of brokers, but the shortage of legitimate, borderless, experienced, and reputable brokerage companies. A lot of brokers tend to offer juicy promises to their potential clients, only for the traders to discover that most of these promises are unrealistic and unattainable. Hence, the need for market investors and traders to find a trustworthy, experienced, and reliable broker, whose services and features meet their trading needs in the global financial market.

There is a need for caution in selecting a broker. One has to scrutinize the services, regulations, security features, and account handling procedures of the broker before committing your investments to their care.

Taking on any broker online without proper look into their activities is like taking uncalculated risks in the market without considering the market trends and volatility. The implication of this is an unnecessary loss of your hard-earned investment and unfavorable trading experience. Financial trading is meant to be enjoyed and is designed for smart traders to make a considerable amount of profits. This is why a lot of intelligent traders have taken financial trading as a career that needs to be nurtured. For this reason, having a top-notch trading platform is a non-negotiable issue if you want to enjoy your trading experience. 

The introduction of cryptocurrency into the financial system has equally attracted several investors and brokers to offer crypto-assets as instruments of trade. The majority of these brokers do not have a proper understanding of the dynamics of digital currency and blockchain technology. However, it is imperative for every trader in the financial market – beginners and professionals – to have a reliable and experienced broker.

Getting through this is not an easy task. This is why we have taken out time to do an unbiased review of a legitimate broker, XTB. With this review of the services and features of this brokerage firm, you will be able to make an informed decision in your choice of a good broker and to ascertain if this broker meets your financial needs in the market.

A Quick Overview of XTB  

Broker XTB (X-Trade Brokers)
Website www.xtb.com
Parent company XTB Group, XTB International Ltd
Location Belize city, Belize
Maximum leverage 1:500
Customer support 24 hours a day, seven days a week.
Trading platforms xStation 5, xStation Mobile and the MT4. (Web, Mobile, desktop, tablet, etc.)
Regulations Financial conduct authority (FCA), international financial services commission (IFSC), Komisja Nadzoru Finansowego (KNF), and Cyprus securities and exchange commission (CySEC)
Trading instruments Over 1500 global CFD including forex (major and minor), crypto, indices, commodities, shares, and ETFs.
Trading services Range of markets, account information, and cash back rebates
Market analysis Market news, price tables, market calendar
Trading academy and education Over 1000 articles, quizzes, and videos. MT4 tutorial, xStation tutorial, Introduction to CFDs’ Fundamental analysis, Introduction to forex.
Crypto CFDs Cardano (ADA), Bitcoin (BTC), Bitcoin cash (BCH), dash, Ethereum (ETH), IOTA, Litecoin (LTC), NEO, Ripple (XRP), Stellar, TRON, Monero XMR, and others.
Trading account types Standard account, Pro account, and Islamic account
Deposit method Bank transfer, credit card (visa card, MasterCard, Maestro), e-wallets (Skrill, Neteller, Safety Pay).
Account setup Free
Office locations Belize, Czech, Turkey, Chile, Cyprus, Poland, Germany, Slovakia, Romania, France, Spain, and the United Kingdom.
Demo account Yes
Minimum deposit $250

XTB is a leading online forex and CFD trading and exchange platform. With over fifteen years of experience in the global financial market industry, XTB has become a household name, and one of the largest stock exchange-listed FX and CFD brokers in the world. The broker has about twelve offices in different locations of the world, from where quality services and client management are delivered across the globe.

The XTB is regulated in the United Kingdom, Belize, and Poland by the financial conduct authority. XTB International Limited, a subsidiary of the XTB Group, is licensed, authorized, and regulated to provide Contract for Difference (CFD) brokerage and financial services to its global clients.

In terms of regulation of its services, the broker is subject to the supervision and control of several financial regulatory authorities in Belize, the UK, and Poland.

XTB has also taken into seriousness the need to safely protect the information and investments of its clients, especially from the activities of cyber thieves. At XTB International Limited, the safety of your funds is paramount. The broker is authorized and regulated by the international financial services commission in Belize. Thus the broker operates in strict accordance and compliance with the rules of the regulatory authority on the protection of the clients’ money and other assets. As a result, clients’ money is held in a segregated account. Also, the information provided on the platform of this broker is protected to avoid unauthorized access or usage.

Moreover, this broker provides a simplified deposit and withdrawal method for its traders. Gone are the days of long queues and delays in executing or confirming deposit of funds, and withdrawals. XTB has made the process of deposit and withdrawal easy, quick, and convenient with several payment methods, such as bank transfer, visa card, MasterCard, or maestro. Clients can also use the e-wallet option of Skrill, Neteller, or SafePay.

XTB is a customer-oriented broker and has considered the needs of its customers by providing them with various options of trading accounts. Clients of this broker can choose from Standard, Pro, or an Islamic Account. Each trading account comes with unique features and added advantages for various levels of traders. Also, the trader offers a responsive and user-friendly trading platform, with easy to navigate tools and functions.

With over 1500 global CFD, this broker offers its numerous customers multiple instruments of trade, including forex, indices, commodities, shares, ETF, and cryptos.

The broker also offers a trading academy for both new and experienced traders to learn new market techniques and trading tactics. There is equally an educational section for traders to familiarize themselves with market dynamics and the trading platform of the broker.

Moreover, clients of the company are not limited to only the English language in their interactions with the broker’s trading interface or its website. Clients of the broker are provided with multiple major language options for easy navigation and understanding. Besides, the clients of this broker have nothing to worry about; they can quickly get answers to any question from the support team of the broker. The customer service team is available 24 hours a day, seven days a week, to serve the trades and investors on this broker’s platform.

It is worthy of note that this broker also offers ultra-fast and reliable execution of orders and cashback on your trades. Also, registering for a trading account with this broker is free.

Features and Services Offered by XTB

Customer Service and Support

At XTB, the customer support team is made up of a well-informed, courteous, and responsive professional. The customer service of the broker provides a solution to any question that may arise from the clients of the company, while also proffering solutions to all their trading challenges. You can reach the support team through email, telephone, or ticket. The broker has also given out its physical office address and directions for anyone who might wish to visit its head office in Belize, or any of its branches all over the world. The XTB group also has twelve offices globally in the Czech Republic, Turkey, Chile, Cyprus, Poland, Germany, Slovakia, Romania, France, Spain, and the United Kingdom.

Multiple Language Options

The broker has taken the cultural and linguistic diversity of its clients into cognizance by providing them with various language options. Some of the supported countries and languages are America Latina, Chile, Czech Republic, Germany, China, Turkey, Arabic, Italy, Cyprus, Portugal, Poland, France, Spain, Romania, Slovakia, the United Kingdom, Thailand, Vietnam, Hungary, and international languages. With this, the clients of the broker have a real understanding of the services and features of the company, and can equally speak with the customer support team in their preferred language.

Regulations and Security of Funds

XTB being a Belize based broker, has offices across Europe and thus, is bound by both laws and rules in Belize, and the European Union (EU). As a result of its transparent service delivery to customers across the globe, the broker is regulated by the financial conduct authority (FCA) in the United Kingdom. Similarly, the XTB is authorized and regulated by the international financial services commission (IFSC) in Belize, Komisja Nadzoru Finansowego (KNF), and Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

In terms of security of funds and information of its traders, this broker has employed the use of encryption to safeguard the information, assets, and trading accounts of its clients. Besides, the broker operates in compliance with the rules of the financial regulatory authorities on the protection of clients’ funds. Thus, the funds and assets of the customer of this broker are held and kept in a segregated account, separate from the company’s account. In line with the international standard of combating money laundering and other financial irregularities, this broker has also employed the Know Your Customers (KYC) policy. With this policy, all the customers of this broker must verify their identity by providing all the necessary required documents for the company.

Trading Instruments and Assets

XTB has taken time to appeal to a wide range of traders by providing them with access to various trading instruments and CFDs. This broker offers over 1500 global CFDs. 

Forex: With over 48 currency pairs, XTB provides access to all major, minor, and exotic currency pairs.

Indices: XTB offers over 20 indices from all over the world and a leverage of up to 500:1.

Commodities: Traders on this broker’s platform can trade on popular commodities like Gold, Silver, Oil, Wheat, Coffee, Aluminum, and other notable commodities.

Stock: XTB offers CFD on more than 1500 equities with a leverage of up to 1:10 and 0.8 percent low commission.

ETF: About 60 ETF CFDs are available for trade with up to 1:10 leverage and ultra-fast execution.

Cryptos: Traders on XTB can trade on cryptocurrencies like Bitcoin (BTC), Dash, Litecoin (LTC), Ethereum (ETH), Ripple (XRP), stellar, and many more.

Trading Platform and Software

XTB has an impressive trading platform for both new and experienced traders. The broker understands that trading success starts with the right platform and has designed an award-winning, easy to use, trading platform to deliver a superior result for favorable trading experience. This trading software is known as the xStation 5, which has both web and mobile versions.

xStation 5 Web Trader: The web-based trade platform of this broker is easy to use, interactive, and responsive interface, with complete access to more advanced tools for more advanced traders. The web trader is fully compatible with any internet-enabled web browser like Chrome, Firefox, Safari, and Opera. You can equally use the desktop versions for computers with Windows and OS X.

xStation Mobile App: The xStation mobile trading app is designed for you to manage your investments quickly and easily, and trade on the go – anywhere and at any time. All the functions needed to trade and easily manage your investments are available on the mobile version of the xStation 5. The downloadable mobile XStation is available for both iOS and Android smart devices.

The MetaTrader 4: XTB has equally employed the use of the award-winning and most popular trading platform, the MT4. This simple, user-friendly, and easy to use trading platform offers traders the benefit of using a wide variety of inbuilt analytical tools. With MT4, you can analyze market trends and execute transactions. MetaTrader 4 is available for desktop, tablet, and mobile (iOS and Android).

Trading Accounts

To cater to the needs of various traders, XTB has trolled out several trading accounts for its numerous customers.

  1. The Standard Account: The standard trading account of XTB has several features, instruments, and tools. The account has over 1500 available instruments such as forex, commodities, indices, cryptos, stock CFDs, and ETF CFDs. In addition, there is maximum leverage of 1:500, 0.35 minimum spread, 0.01 minimal order, and 0.08 percent commission for stock and ETF CFDs. There is no commission charged by the broker on forex, indices, cryptos, and commodities. This trading account is free to set up and manage and can be accessed on the xStation and MT4 trading platforms, either on the web, desktop, mobile, tablet, or smartwatch.
  2. The Pro Account: just like the standard account, the Pro account has over 1500 trading instruments and 1:500 maximum leverage. Its minimum spread is 0.28 and a 0.1 minimal order. Account setup and management are free. This trading account can be accessed on the XStation and the MT4 trading platforms – web, desktop, mobile, tablet, and smartwatch. Unlike the standard account, there is a $3.50 per lot commission on cryptos, forex, indices, and commodities. 
  3. The Islamic Account: to cater to the trading needs of its Muslim traders, XTB offers a swap-free Islamic account. It has the same features of free account setup and management, 1:500 maximum leverage, over 1500 trading instruments, 0.28 minimum spread, and 0.01 minimal order. Unlike the standard account, this Islamic account has no provision for cryptocurrencies. The Islamic trading account can be accessed on the xStation and the MT4 trading platforms – web, desktop, mobile, tablet, and smartwatch. Besides, there is a $10 commission per lot on forex, indices, commodities, stock, and ETF.
  4. The Demo Account: A great avenue to try out new trading techniques, master trading skills, and familiarize yourself with market trends and analysis. With the XTB demo account, you can trade forex, indices, shares, and more CFDs with virtual money. 

Education and Training

With the broker’s trading academy, you can go through the courses to learn about trading and market techniques. Traders are provided with learning materials from basic to intermediate, expert, and premium levels. With over 1000 articles, quizzes, and videos, clients of this broker can learn and update their knowledge on subjects like the MT4 tutorial, xStation tutorial, introduction to CFDs fundamental analysis, and introduction to forex.

Final Thought

The award-winning XTB has gained recognition from industry key players and has established itself as an international brokerage firm. The quality platform and fast order execution of the broker, as well as its regulation and safety features, has further proven its legitimacy and reliability in the global financial market. Therefore, XTB is safely recommended as one of the best brokers in the market.

vpn

Tokenhell

Tokenhell is a blockchain & crypto news agency where you can discover all the recent news about cryptocurrency and blockchain.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close